A few thoughts on some lessons about the "post #COVID19" economy ahead of the conversation tomorrow. Firstly, if Africa must walk away with yet another lesson it should be that there is no viable GLOBALIZATION without INDIGENIZATION. A thread
Local value chains that improve the quality of life at home, supported by local skilled labor, producing quality goods and services – determine how you take advantage of external markets as well as your resilience when those markets and supply/demand chains are unavailable.
Second, where technology is required and is dominant as a factor – those who produce such technology or are majority innovators are also dominant forces. For example, profits from the so-called surveillance economy of data products still flows out of #Uganda and not in
3rd, There is no collective global experience. The reality is that globalization is selective, depends on power and the state of one’s development. For this reason it must also be elective – and give us, as #Africans a say in how we choose to relate to it.
4thly LOCAL must be the new GLOBALin the post-COVID reset. #Uganda needs to apply global standards to local products for local customers. This is sustainable development and resilient planning. Lets get behind it. #COVIDreset
5thly; Connecting with the environment care for water resources, land use, forest regulation, quality of air etc is not an elite privilege. When great levelers like COVID emerge – they don’t choose who to target. Those who protect the environment and those who don’t all die.
6thly, Cottage industries are back. Mass production based on the model of cheap labor abroad or internally ( for mass consumer markets) is a pre-COVID disaster that needs to remain in the past.
No 7| Let us learn from the essentialism of COVID. The jobs that were viewed as low jobs such as market vendors, cleaners and janitors proved to be the quality jobs. We can choose quality of life overabundance of choice in our approach to building better societies and economies
Lastly, Quality is Essential but essential is the new Luxury.
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#1 Real-estate prices in Uganda continue to dumbfound me. If only because it is a constant reminder of the capital sunk in brick and stone that could go into some other part of the productive economy. (a thread)
#2 A friend reached out the other day to say a relative was selling a couple of acres of prime land near Kampala for 450M an acre. While I have encountered high prices, it still shocks me that the local market can sustain such high prices.
#3 After reading the NRA ( National Risk Assessment) for money-laundering and other sources I understand why real estate is part of the fear economy. Investors understand that buildings carry over better than other assets in a political or economic crisis
A few comments on this story @933kfm. Firstly, it is important to know that Hon. Fungaroo's vision for an Idi Amin Institute is for a tertiary ( in other words academic) degree awarding institution. This is why it came under the ambit of NCHE.
I was initially confused about this and read the Universities and Other Tertiary Institutions Act ( then asked Hon Fungaroo). When he mentioned degree awarding as a goal, I explained that an institution/think tank on the Idi Amin period did not need to award degrees.
If the intention is a critical re-examination of the Idi Amin Presidency in the context of his times, post-independence Uganda and say the Cold War or even military governments in Africa ( this is the key difference between Amin and the rest), why degrees?
1. A few thoughts on the #Coffee debate with regard to what comes next ( a short thread). Government incentives such as tax relief, land etc are essentially equivalent to commercial and monetary value that the state "invests" in the given project
2. In short, incentives are a proprietary tool by the government to give up expected revenue, say from tax or other sources, in order to advance some greater public purpose. In the case of the Vinci deal, the stated purpose is value addition to coffee
3. The decision to extend equity ( through incentives etc) to a project is not only about strategic value of the project. Any public investment must pass a commercial, strategic and political test. Much of the defence of Vinci deal has been only that it is legal.
Samson. I think you are mixing up two things. Paying a mortgage is about ownership ( save via equity accumulated over time). There are folks renting in some places where mortgages are widely available. Renting in Uganda is partly due to the absence of mortgage opportunities (cont
On a mass scale. This also means sadly that mortgages as an instrument of mass participation in the economy is limited. In so called advanced countries home ownership ( paying a mortgage) is a primary score of credit worthiness (contd)
It builds equity that individuals can borrow against and housing construction companies can rely on to also borrow to expand. This activity is backed by Federal Loans in the United States and is a subject of a longer conversation
#2 The 1923 letter by the Commissioner of Mines at Entebbe, E.F Wayland referencing the Anglo-French Middle East Development Corporation doing investigations into oil in Bunyoro, 98 years ago today.
#3 E.S Wayland proposed a policy of the (colonial) government staying concessions for oil exploration in Bunyoro until the government had done its own work. This policy would hold until the 1990’s.
Good morning. Here is a shorter thread on the press conference I attended with @HEBobiwine about the conditions of his detention and his plans, hampered as they are by his confinement. This is a portion when his wife Barbie spoke about how they were coping.
"We have many men in soldiers in various uniforms. Some are in green uniform, some in blue uniforms and some in brown. They seem to be taking turns. There are different faces" Barbie said. She added" There are some standing peeping into the compound. Others are already in."
"A group of men manhandled me ( she was trying to get food from their garden") until I asked for help from the women ( officers). Why am I being handled by men? I did not get any answers apart from being pushed back into the house" Barbie told.